@iwearahoodie's Threads

I run a media company. It's based in Australia. I employ some people in the Philippines to help with back end stuff and some grunt work.

I want to pay them with Bitcoin. But there's a problem.

The fees just get too high. I had to completely write off the idea of paying my staff with Bitcoin during Dec 17 / Jan 18 when it was costing absurd amounts to get transactions confirmed in a reasonable time.

What concerned me the most was when I weighed into the block size debate and argued for higher blocks, I was told that I was doing it wrong or something, and just to wait. Well, I wanted to use Bitcoin now. But I trusted and waited.

Five things I've learned after a year of being seriously into #Bitcoin. 1. There's little correlation between early adopters and intelligence. It seems to me that many OG's didn't realise the incredible thing they were sitting on, and either rage quit when they didn't get their

own way, forked a new coin just to get some random feature they thought everyone needed, or sold their coins early thinking Bitcoin had hit the top. Many just got offered buckets of cash to go shill or work on shitcoins. Most OGs were just lucky, not smart.

That said, the OGs who still understand what Bitcoin is at this point are battle tested enough to be worth listening to.